Recently added articles from Daily News:

Hedge Fund Code to Catch Willing and Unwilling

Jul 04, 2008; Reuters ... LONDON (Reuters) - Many of Europe's hedge funds will sign up to avoluntary code of standards to appease institutional investors andavoid punitive regulation, but even those that don't will be unableto ignore it. The standards on governance and disclosure, unveiled in Octoberby ...

FSA Ups Disclosure on CFDs

Jul 03, 2008; Bill McIntosh, Senior Financial Correspondent ... LONDON (HedgeWorld.com) - The Financial Services Authority isintroducing stronger disclosure rules on contract for differencederivative positions in a move to boost market transparency andefficiency. The regulator is to publish draft rules in Septemberwith a deadline of February 2009 for ...

BIS Studies What Went Wrong with Structured Finance Ratings

Jul 03, 2008; Martin de Sa'Pinto, Senior Financial Correspondent ... BASEL, Switzerland (HedgeWorld.com) - Close on the heels ofreports from the Committee of European Securities Regulators and theInternational Organization of Securities Commissions on the role ofcredit rating agencies in structured finance, the Bank forInternational Settlements on ...

BarCap Pushes OTC Commodity Trading Service

Jul 03, 2008; Reuters ... LONDON (Reuters) - Barclays Capital plc is the first bank tooffer to intermediate over-the-counter commodity trades that willsave hedge funds money and reduce paperwork, the investment banktold Reuters. Mark Croxon, a director at the bank, said the service comparableto that ...

Wien's Ten Surprises for 2008 Spot-On, Mostly

Jul 03, 2008; Emma Trincal, Senior Financial Correspondent ... NEW YORK (HedgeWorld.com) - Many of the bold predictions made forthe New Year by Byron Wien, the chief investment strategist atWestport, Conn.-based hedge fund Pequot Capital Management, turnedout to be true. Since 1986, Mr. Wien, a former Morgan Stanley strategist, hasbeen ...

People Briefs

Jul 03, 2008; HedgeWorld Staff ... Additions, Changes at Highland DALLAS (HedgeWorld.com) - Highland Capital Management LPappointed a new institutional sales head, and a few executives atthe firm have left to pursue other projects. Highland Chief Compliance Officer Jenna Haliburton resigned fromthe firm and ...

UniCredit Buys Stake in U.K. Hedge Fund

Jul 02, 2008; Bill McIntosh, Senior Financial Correspondent ... LONDON (HedgeWorld.com) - UniCredit Group, Italy's biggest bank,has bought a 5% stake in NewSmith Capital Partners LLP, a Britishasset manager, and will invest a substantial sum in the firm's eightlong/short funds spanning equities, global macro and credit.UniCredit also has bought the ...

Fugitive Ex-Hedge Fund Manager Israel Surrenders (Updated Story)

Jul 02, 2008; Reuters ... Editor's Note: This version of the story recasts information andadds details throughout. BOSTON (Reuters) - Fugitive former hedge fund manager SamuelIsrael III drove a motor scooter to a Massachusetts police stationon Wednesday [July 2] and surrendered, ending a four-week ...

AbCap Shares Suspended

Jul 02, 2008; Bill McIntosh, Senior Financial Correspondent ... LONDON (HedgeWorld.com) - Share trading in Absolute CapitalHoldings Ltd. was suspended on Tuesday [July 1] after the troubledhedge fund manager failed to publish its final accounts for 2007within the six-month period required under Alternative InvestmentMarket listing ...

Fund Managers Search For Rays of Hope Amid Gloom

Jul 02, 2008; Reuters ... BARCELONA (Reuters) - Fund managers meeting in Barcelona thisweek are facing up to a bleak outlook as markets stay volatile andinflows dry up, but one or two are seeing some opportunities asasset prices tumble. "It's not a happy time," James Suglia, chairman of KPMG's ...

Toscafund Losses Grow

Jul 02, 2008; Bill McIntosh, Senior Financial Correspondent ... LONDON (HedgeWorld.com) - Toscafund Asset Management LLP, aBritish hedge fund manager that specializes in financial stocks, hassuffered renewed falls on parts of its investment portfolio thathave taken its losses to about 25% since the beginning of 2008. Itis being particularly hurt by ...

Technology Briefs

Jul 02, 2008; HedgeWorld Staff ... Pivot Enhances Pivot 360 JERSEY CITY, N.J. (HedgeWorld.com) - Inter-enterprise networkPivot Inc. has upgraded its Pivot 360; application with theintroduction of Pivot Instant Markets, its third module add-on thatoffers over-the-counter derivatives traders electronic ...

People Briefs

Jul 02, 2008; HedgeWorld Staff ... GLG Appoints Bay Portfolio Manager LONDON (HedgeWorld.com) - GLG Partners Inc. has appointed FabriceBay as a portfolio manager to lead its consumer fund team and co-manage the Capital Appreciation Fund alongside Ben Fennel. He is tojoin in August. Mr. Bay's expertise is in ...

Wittenham Launches Frontier Markets FoF

Jul 01, 2008; Reuters ... SINGAPORE (Reuters) - Wittenham Investment Management haslaunched a fund of hedge funds to invest in frontier capital marketsin Africa, the Middle East and countries in the former Soviet Union. The MENA Plus fund is to start with a minimum $7 million in seedcapital and has a ...

Ex-BSAM CEO Gets New Gig

Jul 01, 2008; Emma Trincal, Senior Financial Correspondent ... NEW YORK (HedgeWorld.com) - Richard Marin, the ex-chairman andchief executive of Bear Stearns Asset Management, the unit thathoused the two Bear mortgage hedge funds that blew up last year, haslaunched a New York advisory firm for hedge fund chief operatingofficers called PointWalk ...